FISCAL NOTE
Date Requested: January 30, 2023
Time Requested: 12:43 PM |
| Agency: |
Secretary of State |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2804 |
Introduced |
HB3135 |
|
|---|
| CBD Subject: |
Salaries |
|---|
|
FUND(S):
1617
Sources of Revenue:
General Fund
Legislation creates:
Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill increases the Secretary of State's Office annual expenses for the Secretary of State's compensation by $79,000 annually.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2023
Increase/Decrease
(use"-") |
2024
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
87,000 |
174,000 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
95,000 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
Compensation for the Secretary of State is currently $95,000. The bill increases that compensation to the equivalent of 85% of a member in the United State Congress, which is $174,000 (except for certain senior members in high-ranking positions; see https://crsreports.congress.gov/product/pdf/RL/RL30064#:~:text=The%20compensation%20for%20most%20Senators,from%20Puerto%20Rico%20is%20%24174%2C000.&text=The%20House%2Dreported%20(H.R.,continue%20the%20freeze%20in%202023.) ).
Implementation is set for January 1, 2025, which is in the middle of the 2024 fiscal year, thereby increasing FY2024 expenses by 50% of the higher salary, or $87,000.
Memorandum
None.
Person submitting Fiscal Note: Donald Kersey
Email Address: dkersey@wvsos.gov